Osisko Mining Corporation (the "Company" or "Osisko") is pleased to report that directly following record quarterly production in Q4 2013 of 137,321 ounces gold, and record annual production for 2013 of 475,277 ounces gold, Osisko's flagship Canadian Malartic mine has achieved record monthly production of 50,111 ounces gold in the month of January.
Statistics for January are presented below:
- Record monthly gold production of 50,111 ounces
- Monthly mill throughput of 1,521,164 tonnes
- Average daily throughput of 49,070 tonnes per operational day
- Average grade milled of 1.16 g/t Au
- Average recovery of 88.6%
Since commencement of milling operations in April 2011, Canadian Malartic has produced 1,114,003 ounces of gold.
Sean Roosen, President and CEO of Osisko stated: "Canadian Malartic is starting to break away from the pack, showing what a powerful gold producer this world-class asset is. Osisko owns the largest gold mine in Quebec, and at current production rates we are the largest producing gold mine in Canada. We've always believed that Canadian Malartic was a "Company Maker" mine, and I think that there should be little doubt left in people's minds that this is true."
The record monthly production was achieved despite mill downtime and the unusually cold weather, both of which hampered throughput levels at the mill.
About Osisko Mining Corporation
Osisko Mining Corporation operates the Canadian Malartic Gold Mine in Malartic, Québec and is pursuing exploration on a number of properties in Ontario and Mexico.
Mr. Luc Lessard, Eng., Senior Vice-President and Chief Operating Officer of Osisko, is the Qualified Person who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed.
Source: http://www.osisko.com/